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Stock Prices

AUVI

NVVE

SWVL

VCIG

During Friday's intraday session, several industrial stocks experienced significant movements. Applied UV (AUVI) saw a 33.8% increase, while Nuvve Holding (NVVE) rose by 23.78%. Jet AI (JTAI) and Compx Intl (CIX) also saw gains of 22.32% and 19.78%, respectively. On the losing side, Swvl Holdings (SWVL) dropped by 31.1%, VCI Global (VCIG) by 30.77%, and Mega Matrix (MPU) by 23.34%. Other notable decliners included Momentus (MNTS), Bitcoin Depot (BTM), and Recruiter.Com Group (RCRT).

Portfolio Pulse from Benzinga Insights

January 12, 2024 | 5:31 pm

ARBK

LAES

MIMO

WIT

In Friday's intraday trading session, several information technology stocks experienced significant movements. Airspan Networks (MIMO) saw a sharp increase of 55.7%, while Wipro (WIT) rose by 18.46% following their Q3 earnings release. Other gainers included UTime (WTO), Inpixon (INPX), OMNIQ (OMQS), and EMCORE (EMKR). Conversely, SEALSQ (LAES), Spectaire Holdings (SPEC), Argo Blockchain (ARBK), WISeKey Intl Holding (WKEY), Greenidge Generation Holding (GREE), and Stronghold Digital Mining (SDIG) faced notable declines.

Portfolio Pulse from Benzinga Insights

January 12, 2024 | 5:31 pm

UAL

United Airlines Holdings Inc (NASDAQ:UAL) stock fell by 8.5% to $40.71, reacting to Delta's Q4 results and 2024 guidance. Delta reported a 5.9% increase in operating revenue and an 11.1% increase in adjusted operating revenue, beating consensus. Adjusted EPS was also above expectations. However, Delta's cargo revenue decreased by 24% YoY. UAL's stock movement is in sympathy with Delta, indicating sector-wide impact from Delta's financial disclosures.

Portfolio Pulse from Henry Khederian

January 12, 2024 | 5:29 pm

VCIG

VCI Global Ltd (NASDAQ:VCIG) stock plummeted by 33% after announcing a public offering at $1.25 per share with Series A and B warrants. The offering includes 2.2 million shares and is expected to close by January 17. The company aims to raise $2.75 million for various strategic initiatives, including client IPO investment and technology R&D. VCIG's 52-week trading range is $0.96 to $24.20.

Portfolio Pulse from Henry Khederian

January 12, 2024 | 5:25 pm

INTC

NVDA

QCOM

U.S. chipmakers Nvidia (NVDA), Intel (INTC), and Micron Technology (MU) have been summoned to testify before Congress by the House of Representatives' China committee, causing their stock prices to fall. The committee is intensifying its examination of companies with substantial ties to China. This scrutiny follows the CEOs' lobbying against stricter semiconductor-related export controls. Nvidia dominates China's AI chip market, while Micron has reduced its revenue from China from 50% to 16%. The U.S. Commerce Department has tightened AI chip export restrictions to China, affecting Nvidia. The House committee's actions are part of broader efforts to scrutinize U.S. companies with operations in China and may signal a push towards decoupling tech supply chains.

Portfolio Pulse from Anusuya Lahiri

January 12, 2024 | 5:24 pm

During a conference call, the CEO of Citigroup Inc. indicated that global growth is expected to slow down in 2024. This statement may influence investor sentiment regarding the economic outlook and potentially affect financial sector stocks.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 5:23 pm

COST

NEE

SRE

USO

XLP

XLU

Tensions in the Middle East, particularly around the Red Sea, have escalated after U.S.-led airstrikes against Houthi rebels in Yemen, raising concerns of stagflation in 2024. The conflict has led to increased shipping costs as routes are diverted, contributing to a recent rise in oil prices towards $80 a barrel. The United States Oil Fund (USO) saw a 2.5% increase in response. Analysts suggest that if tensions continue, oil prices could surge to $120 per barrel. Despite these risks, the U.S. economy is expected to grow around 2.5% in 2023. In a stagflation scenario, consumer staples and utilities are considered safer investments, with funds like XLP and XLU holding stocks such as PG, COST, NEE, and SRE, which could perform well.

Portfolio Pulse from Neil Dennis

January 12, 2024 | 5:19 pm

GRPN

Groupon shares have seen an uptick following the company's announcement that its Q4 revenue is anticipated to be at or above the upper limit of its previously issued guidance.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 5:17 pm

GRPN

Groupon anticipates its Q4 2023 revenue to be close to or exceed the higher end of its previously issued guidance.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 5:16 pm

DOCU

DocuSign shares have risen after a report indicated that Bain Capital and Hellman & Friedman are both interested in acquiring the company.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 5:15 pm